Winson Holdings Hong Kong (HKSE:06812) Momentum Rank : 9 (As of May. 03, 2024)

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What is Winson Holdings Hong Kong Momentum Rank?

Winson Holdings Hong Kong has the Momentum Rank of 9.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Winson Holdings Hong Kong's Momentum Rank

For the Waste Management subindustry, Winson Holdings Hong Kong's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Winson Holdings Hong Kong's Momentum Rank Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Winson Holdings Hong Kong's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Winson Holdings Hong Kong's Momentum Rank falls into.

Winson Holdings Hong Kong Momentum Rank Related Terms

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Winson Holdings Hong Kong (HKSE:06812) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Winson Holdings Hong Kong Ltd (HKSE:06812) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Sha Tsui Road, Unit 01–02, 9th floor, The Octagon, Tsuen Wan New Territories, Hong Kong, HKG

Website

https://www.winsongrouphk.com

Winson Holdings Hong Kong Ltd is an investment holding company. The principal business of the Company is provision of environmental hygiene and related services and airline catering support services in Hong Kong. The company's business segments are the provision of environmental hygiene and related services, airline catering support services in Hong Kong. Environmental hygiene and related services generate the maximum revenue.

Winson Holdings Hong Kong (HKSE:06812) Headlines

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